All the updated news related to digital banks

All the news related to digital banks updated in real time

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City

High street banks ‘losing vice-like grip on UK’s current accounts’

Around one in 12 (8%) personal current accounts are now held with a digital “challenger” bank, up from just 1% in 2018, according to the City regulator. The Financial Conduct Authority (FCA) said these banks have “attracted customers in part by ...

20 Jan 2022 at 15:55

National News

Online and mobile banking payments hit record high, figures show

Consumers’ use of digital banking has hit a record high as contactless payments continue to surge, new figures show. According to the Banking & Payments Federation Ireland (BPFI), online and mobile banking volumes grew by almost 12% to 36 ...

02 Sept 2022 at 16:33

Home

Online and mobile banking payments hit record high, figures show

02 Sept 2022 at 20:33

Home

Online and mobile banking payments hit record high, figures show

03 Sept 2022 at 12:33

Ireland

Online and mobile banking payments hit record high, figures show

02 Sept 2022 at 01:01

City

Monzo cheers first annual profit since 2015 launch

Monzo has unveiled its first annual profit since starting nine years ago as the digital bank prepares to launch in the US and expand across Europe. Chief executive TS Anil said it was a “landmark year of record growth” for the ...

03 Jun 2024 at 10:30

Personal Finance

Digital banks beat high street lenders in customer satisfaction survey

Britain’s digital banks have held on to the top spots in customers’ rankings of personal and business bank accounts, muscling ahead of high street lenders for another year. Monzo was voted the best provider for individuals ...

15 Aug 2023 at 15:32

City

UK’s ‘green’ digital bank makes first profit as challengers boom

A green-focused digital bank has said a wave of consumers buying heat pumps and solar panels and switching to electric cars has helped it make its first yearly profit. Tandem Bank, which launched in 2014, is among the UK ...

24 Apr 2025 at 00:01

City

Customers of major UK banks hit by pay day delays

The UK’s biggest banks have been hit by glitches affecting digital banking, leaving some customers unable to send and receive money on what is commonly pay day for workers across the country. Nationwide, HSBC, Barclays ...

28 Jun 2024 at 18:33

City

Monzo annual profit surges as paying subscribers boost digital bank

Monzo has revealed surging annual profits as the digital bank attracted new customers and grew income from its paid subscription plans. The company reported a pre-tax profit of £60.5 million for the year to the end of ...

02 Jun 2025 at 10:50

City

Monzo staff given chance to sell shares in deal set to value the group at £4.5bn

Hundreds of Monzo employees are expected to pocket tens of millions of pounds after being given the opportunity to sell part of their holdings in the UK digital bank. It is understood that Monzo is offering staff the ...

10 Oct 2024 at 15:51

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